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May 6, 2026

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EU says energy costs tied to Hormuz crisis have surged past $35B

Global energy price increases tied to the Hormuz disruption are driving higher import costs in Europe, despite limited reliance on gas flowing through the strait.

Amirhossein KHORGOOEI / ISNA / AFP via Getty Images

Analysis

Israel fears Trump seeking Hormuz win while sidestepping Iran nuclear issue

While President Donald Trump keeps pressuring Iran on reopening the Strait of Hormuz, Israel fears the American leader will decide to cut his losses and sideline the nuclear threat.

In Tel Aviv, reporting on national security, Israeli politics, defense

US Defense Secretary Pete Hegseth speaks at a press briefing at the Pentagon in Washington, DC, on April 24, 2026.

Pentagon says Iran ceasefire continues despite UAE attack

"We expected there would be some churn at the beginning," Defense Secretary Pete Hegseth said of the US Navy-led operation to open the Strait of Hormuz to commercial shipping.

Latest News

Macron casts doubt on Trump’s Hormuz operation as France-US gap grows

WASHINGTON, DC - AUGUST 18: U.S. President Donald Trump speaks during a meeting with Ukrainian President Volodymyr Zelensky (R), French President Emmanuel Macron (L), and European leaders at the White House on August 18, 2025 in Washington, DC. President Trump hosted President Zelensky at the White House for a bilateral meeting and an expanded meeting with European leaders to discuss a peace deal between Russia and Ukraine. (Photo by Win McNamee/Getty Images)

US sanctions Iran’s shadow banking channels moving oil proceeds from China

US Treasury Secretary Scott Bessent testifies during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC.

Analysis

Without exit strategy, Israel faces emboldened Hezbollah, limited options on Iran

Ibrahim AMRO / AFP via Getty Images

In Tel Aviv, reporting on national security, Israeli politics, defense

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Elizabeth Hagedorn

Diplomatic Correspondent

In Washington, DC, reporting on diplomacy, regional politics, human rights

Jared Szuba

Defense and Security Correspondent

In Washington, DC, reporting on defense, national security, military

Joyce Karam

Editor-in-Chief

Rosaleen Carroll

News Reporter and Supporting Editor

In Washington, DC, US, reporting on the Middle East

Paul J. Saunders

In Washington, DC, reporting on Russia in the Middle East

A security man checks the temperature of a customer, as he enters the supermarket before curfew , following the outbreak of coronavirus, in Baghdad, Iraq March 17, 2020. REUTERS/Khalid al-Mousily - RC2RLF917B9G

Intel: US touts nearly $40 million in coronavirus aid to Middle East

The United States today touted nearly $40 million in aid to the Middle East and North Africa as part of a $274 million emergency health and humanitarian assistance package to help afflicted countries deal with the coronavirus pandemic.

Iraq’s post-pandemic future depends on breaking Iran’s hold

The Trump administration tells Iraq it faces a 'decision point' in choosing America or Iran.

Intel: Trump administration to cut Yemen aid amid potential coronavirus cease-fire

The Donald Trump administration is preparing to cut most humanitarian aid to Yemen amid progress on a potential cease-fire between the Saudi-led coalition and the Houthi rebels.

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Iraqi prime minister-designate faces challenges in gaining political support

Iraqi Prime Minister-designate Adnan al-Zurfi is struggling to secure the needed parliamentary votes for his Cabinet.

U.S. Representative Michael McCaul (R-TX) arrives at Trump Tower to meet with U.S. President-elect Donald Trump in New York, U.S., November 29, 2016. REUTERS/Mike Segar - RC17792FFC10

Intel: Republicans dial up pressure on Saudis to end oil price war with Russia

Republicans are throwing their weight behind the Donald Trump administration’s push to get Saudi Arabia to end its oil price war with Russia, which has increasingly squeezed American energy companies as the coronavirus runs rampant throughout the United States.

A worker pushes a wheel cart carrying food at a World Food Programme food aid distribution center in Sanaa, Yemen February 11, 2020. REUTERS/Khaled Abdullah - RC2GYE9WBNNR

Intel: Democrats warn Trump administration against cutting Yemen aid

U.S. Secretary of the Treasury Steven Mnuchin walks from a meeting during negotiations on a coronavirus disease (COVID-19) relief package on Capitol in Washington, U.S., March 23, 2020. REUTERS/Joshua Roberts - RC2QPF9GZ5DS

US issues fresh Iran sanctions targeting IRGC’s ‘web of front companies’

The US Treasury Department places sanctions on more companies, officials and individuals affiliated with Iran's Islamic Revolutionary Guards Corps Quds Force and Iran-backed militias in Iraq.

Intel: Timeline of CIA contractor Robert Levinson missing for 13 years in Iran

The family of Robert Levinson, a CIA contractor who disappeared on Iran’s Kish Island in 2007, confirmed Thursday that the US government informed them that the former FBI agent had died at some point prior to the coronavirus pandemic.

US coalition transfers another base to Iraqi security forces

The US-led coalition against the Islamic State has announced the transfer of another military base to Iraqi security forces as a temporary precaution against the coronavirus outbreak.

U.S. Secretary of State Mike Pompeo takes part in a meeting with Saudi Arabia's Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia, September 18, 2019. Mandel Ngan/Pool via REUTERS - RC114A0F4CE0

Intel: How the US is relying on Riyadh to reassure global markets

In a phone call with Crown Prince Mohammed bin Salman on Tuesday, US Secretary of State Mike Pompeo urged Saudi Arabia to “rise to the occasion” as the escalating coronavirus crisis and the kingdom’s standoff with Russia continue to hammer global markets.

U.S. Secretary of State Mike Pompeo speaks during a news conference at the State Department in Washington, DC, U.S., March 25, 2020. Andrew Caballero-Reynolds/Pool via REUTERS - RC24RF9D1JQJ

Intel: Pompeo urges Europe to join Iran pressure campaign in G-7 teleconference

Secretary of State Mike Pompeo used a teleconference of leading industrialized nations' foreign ministers to urge tougher international action on Iran and its regional proxies in line with the US maximum pressure campaign.

Intel: US provides aid to help Iraq fight coronavirus

The US Embassy in Baghdad announced today that is providing $670,000 to help Iraq fight the novel coronavirus pandemic.